Real Estate Auction - Sea Latch Inn - 82-Room Lodging Complex
Real Estate Foreclosure Auction 24-120 - Sea Latch Inn - 82-Room Lodging Complex - Ocean Views - 2+/- Acres - Across From Long Sands Beach, 277 Long Beach Ave., Rt. 1-A, YORK BEACH, MAINE - Auction will be postponed to: Thursday, December 19, 2024 at 11AM On Premises. Borrower has filed Bankruptcy and the auction has been adjourned to the above referenced date. Please contact the office prior to attending to confirm whether the auction will be conducted on this date. - The above stated price is the tax assessed value and a place holder only. The lender reserves the right to bid at the auction. - PREVIEW DATE: Wednesday, October 2, 2024 from 12-2PM Contact Auctioneer's office to schedule an appointment. - Buyer Broker Participation Available.Contact Auctioneer for Qualifications. - The SEA LATCH INN is an 82-unit hotel complex comprising of 1, 2 and 3-story buildings and (6) individual cottages located directly across the street from Long Sands Beach with 160+/- ft. of frontage on Long Beach Ave and Eastern Ave. The property is in close proximity to the village of York Harbor, local shops, restaurants, Cape Neddick and the historic Nubble Lighthouse. The property underwent renovation in 2014. Guestrooms include a 36-room 3-story interior corridor building, 26-room 2-story exterior corridor building including 2-suites, a 10-room single story exterior corridor building, (2) 4-unit buildings, (2) 2-unit buildings as well as (6) cottages for a total of 90 rooms with 82 keys. Rooms are nicely appointed with quality furnishings, electronics, and Wi-Fi. The amenities include Atlantic Ocean access directly across the street at Long Sands Beach, pool area, onsite parking, recreation area, and sunning decks. Reference Tax Map 130, Lot 33. - Terms: A $100,000 deposit in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc., (deposited with the Auctioneer as a qualification to bid), with balance due and payable within 30 days from date of auction. The deposit must be increased to 10% of the purchase price within 5-business days of the public sale. The property will be sold by public auction subject to all outstanding municipal assessments. All personal property, food service equipment, furnishings, and electronics will be sold together with the real estate as an entirety. All other terms will be announced at the public sale. For a Property Information Packagecontact the auctioneers office and request by auction number 24-120. Our 52nd Year and 8,692nd Auction.
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